When you started your recruitment venture, be it recently or a while ago, you probably started with one key thing in mind – making yourself more money than you earned as an employed fee-earner. This is a common thought from a lot of recruiters.

There’s no getting away from it, it’s a journey and, to make that journey work for you, you have to overcome many obstacles on the way.

In the early years of working for yourself, you have issues including;

1. Getting started and putting systems into place. Getting to grips with business finances.

2. Not having a proper business strategy.

3. Working Long hours and having little time off

As you progress on your journey there will be the need for ;

1. An office to house staff and to raise the profile of the business

2. Growing your business and taking on Admin and more fee-earners

3. Bigger systems, and the need for having the best tech

As you become established and are getting transformational growth, you may wish to consider;

1. Your future outside of recruitment –do I have an exit plan in place?

2. Can I make a tidy sum by selling my business to capitalise on my success?

3. Do I feel good about what I have achieved so far?

Over these series of blogs, I will be giving you the benefit of my many years of experience working with small to medium sized recruitment firms and helping them in all these areas to achieve their success.

If you think Cooper Curtis could help you on your journey, book your ten minute chat with a Recruitment Agency Business Advisor here.

Why you should have a ‘niche’ for your Recruitment Business?

Setting up your own Recruitment Agency comes with a whole manner of things to consider. You may already have an industry you are decided on targeting, but here are some reasons why homing in one industry can make things much easier for your new Recruitment venture.. .

1. You’re putting yourself out there as an expert in your field rather than being a ‘jack of all trades’

2. You can command better placement fees

3. You can home in on your target market reducing wastage and improving KPI’s

4. You can surround yourself with suppliers within the same industry gaining industry insight

5. Build a better all round experience to candidates and clients and a reputation as the go to business

Top tips for helping you choose your Recruitment Agency Niche

1. Who do you enjoy working with?

2. Businesses need passion, hard work and determination to survive. What are you passionate about? Write it down and keep reminding yourself.

3. Research your competition. Is the market saturated with others working on the same niche? If yes, consider micro-niching.

4. Where do your experiences lie?

5. Review any opportunities that you could be sitting on.

Cooper Curtis have helped many start-up Recruitment Businesses to get processes in place and free up your precious time. To speak with us about setting up your new Recruitment Business make a booking and click the button below.

Blog by Caroline